Federal Judge Rules that Kalshi Must Stop Offering Prediction Contracts in Nevada - The Nevada Independent

Nevada Just Shattered Prediction Markets’ Favorite Theory in Kalshi Ruling

Federal judge rules that Kalshi must stop offering prediction contracts in Nevada - The Nevada Independent

The ruling comes seven months after the judge granted a preliminary injunction against gaming regulators who ordered the company to cease operations.

Prediction Markets Lose Key Shield as Nevada Says Outcome Bets Aren’t Swaps

What Did the Nevada Federal Court Decide? A federal court in Nevada has delivered one of the most consequential rulings in the short history of prediction markets, declaring that contracts based on the outcomes of sporting events do not qualify as swaps under the Commodity Exchange Act (CEA). The decision effectively places these contracts outside the jurisdiction of the U.S. Commodity Futures Trading Commission (CFTC), undercutting the long-hel…

Nevada Court Rules that Kalshi Can No Longer Offer Sports Contracts

U.S. District Judge Andrew P. Gordon in Las Vegas issued a 29-page ruling that dissolves a preliminary injunction he had previously granted to Kalshi Inc. in April 2025. This decision allows the Nevada Gaming Control Board (NGCB) to enforce its March 2025 cease-and-desist order against Kalshi, effectively requiring the prediction market platform to stop offering […] The post Nevada Court Rules that Kalshi Can No Longer Offer Sports Contracts app…

Robinhood, Kalshi, Crypto.com Scramble as Court Rules Prediction Markets Are Gambling

A federal court in Nevada delivered a major setback for prediction market operators this week, issuing a decision that explicitly treats financial contracts tied to sports event outcomes as gambling. This ruling discards the industry's belief that federal registration with the Commodity Futures Trading Commission (CFTC) protects platforms like Kalshi, Crypto.com, and Robinhood from state gambling rules.Judge Calls Event Contracts Sports BettingT…

Nevada Court Greenlights State Crackdown On Kalshi

The post Nevada Court Greenlights State Crackdown On Kalshi appeared on BitcoinEthereumNews.com. The cryptocurrency world faces another regulatory earthquake as a Nevada federal court delivers a stunning blow to decentralized prediction markets, allowing state authorities to pursue enforcement against platform Kalshi and potentially reshaping how these innovative markets operate across the United States. What Does This Prediction Market Ruling M…